Common use of Stockholder's Rights Clause in Contracts

Stockholder's Rights. The Optionee shall not, based on his being -------------------- Optionee hereunder, be entitled to vote or receive dividends or be deemed the holder of Common Stock or any other security of the Company which may at any time be issuable on the exercise of the Option for any purpose, nor shall anything contained herein be construed to confer upon the Optionee, as such, any of the rights of a stockholder of the Company or any right to vote for the election of Directors on any matter submitted to stockholders at any meeting thereof, or to give or withhold consent to any corporate action (whether upon any recapitalization, issue of stock, reclassification of stock, change of par value or change of stock to no par value, consolidation, merger, conveyance or otherwise) or to receive notice of meetings, or to receive dividends or subscription rights or otherwise until the Option shall have been exercised and the Common Stock purchasable upon the exercise hereof shall have become deliverable as provided herein.

Stockholder's Rights. The Optionee shall not, based on his being -------------------- Optionee hereunder, be entitled to vote or receive dividends or be deemed the holder of Common Stock or any other security of the Company which may at any time be issuable on the exercise of the Option for any purpose, nor shall anything contained herein be construed to confer upon the Optionee, as such, any of the rights of a stockholder of the Company or any right to vote for the election of Directors on any matter submitted to stockholders at any meeting thereof, or to give or withhold consent to any corporate action (whether upon any recapitalization, issue of stock, reclassification of stock, change of par value or change of stock to no par value, consolidation, merger, conveyance conveyance, or otherwise) or to receive notice of meetings, or to receive dividends or subscription rights or otherwise until the Option shall have been exercised and the Common Stock purchasable upon the exercise hereof shall have become deliverable as provided herein.